ES Journal Archive (2006 - 2008)

[Lawrence Chan]

In order to "allow" for a retracement of 8 to 12 pts, it will likely take it all the way up first

 

[PACMAN1]

L.C. where would all the way up be ?


Thanks,
Pacman

 

[Lawrence Chan]

R2 RTH 90.5

Should be target close too

 

[PACMAN1]

Looks like its consolodating getting ready for another move.

 

[PACMAN1]

l 82.75 2 pt stop target 88

 

[Buy1Sell2]

At the moment, this appears to me to be a bounce only. Still looking short or will stay on the side.

 

[smilingsynic]

Quote from wave:

Now that was a nice bounce, they couldn't hide that one from those who saw it coming.

Very rarely are two consecutive gaps in the same direction not filled by the end of the second day (at least one of the gaps will be filled, not necessarily both). That has been stated before here by someone else.

I did not bite, since I already had mine from yesterday (at 70--I mentioned it here, but since I did not provide a stop, only the IRS will count it).

 

[PACMAN1]

Quote from Buy1Sell2:

At the moment, this appears to me to be a bounce only. Still looking short or will stay on the side.

You might be right getting close to my stop

 

[OldTrader]

Quote from smilingsynic:

Very rarely are two consecutive gaps in the same direction not filled by the end of the second day (at least one of the gaps will be filled, not necessarily both). That has been stated before here by someone else.

I did not bite, since I already had mine from yesterday (at 70--I mentioned it here, but since I did not provide a stop, only the IRS will count it).

I saw your mention yesterday of 1270. Very nice call.

OldTrader

 

[PACMAN1]

Quote from PACMAN1:

l 82.75 2 pt stop target 88

out 83.25 now it will take off